Hi everyone
I was thinking into issuing a blog post to encourage members to blog here as we are experiencing a drop in the number of members blogging and making comments while overall traffic to the site is more or less in the same levels that were before February spike and afterwards spam attack.
I will do that post later on the day, but back to the story.... I was thinking in how to do that blog post while I saw a comment from our dear member Daologic.
Daologic posted…
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Added by Francesc Riverola on April 30, 2013 at 8:28am —
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Is retail Forex Trading a negative, positive or zero sum game?
Join Richard Olsen, Boris Schlossberg and John Forman in this nice discussion:
Boris Schlossberg:
http://www.fxstreet.com/education/trading-strategies/forex-trading-strategy/2013/01/21/
John Forman:…
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Added by Francesc Riverola on January 21, 2013 at 6:25pm —
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Forex Trading Volumes Near Record Levels
By JESSICA MEAD at The Wall Street Journal
LONDON—Foreign-exchange trading volumes are close to record levels as investors respond to a relentless rhythm of negative news by fleeing risky currencies and rushing into safer alternatives.
The euro-zone debt saga, concerns about global economic growth, budget…
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Added by Francesc Riverola on September 7, 2011 at 8:29am —
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Transaction tax may drive FX market from London
By Nia Williams at Reuters
(Reuters) - A European Union financial transaction tax could threaten London's status as the world's biggest foreign exchange center and fuel volatility by draining liquidity out of the market.
German Chancellor Angela Merkel and French President…
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Added by Francesc Riverola on August 23, 2011 at 3:21pm —
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States Go After Big Bank on Forex
By TOM MCGINTY And CARRICK MOLLENKAMP at Wall Street Journal
The legal stakes are rising for Bank of New York Mellon Corp. in a widening controversy over the way it prices currency trades for pension funds and other big clients.
On Thursday, attorneys general in Virginia and Florida filed civil suits against BNY…
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Added by Francesc Riverola on August 12, 2011 at 10:42am —
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Money markets: FX market shows banks scrambling for dollars
By Richard Leong and Karen Brettell at Reuters
(Reuters) - European banks are relying more on the foreign exchange market to obtain dollar funding, as fewer investors are buying their U.S. short-term debt due to fears that the region's debt crisis could spin out of control.
Added by Francesc Riverola on August 11, 2011 at 10:18am —
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Gain’s acquisition of dbFX – very little money changed hands
by Gerald Segal at LeapRate
Gain Capital’s just-filed quarterly 10-Q report has shed some more light on its recent acquisition of dbFX. And as we speculated when the deal was announced back in April, very little money changed hands.
Specifically, Gain’s Q2 reveals that:
1. Gain paid just $2.5 million in upfront cash to…
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Added by Francesc Riverola on August 9, 2011 at 9:16am —
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Inching Toward Fixed G-10 Currency Rates?
By Javier Paz, of Aite Group
With palpable fears of a eurozone breakup and sagging confidence on the U.S. dollar, the world may be bracing for a repeat of 2008 and 2009. While I hope this is just a new episode of high volatility in currency markets, we may be witnessing the strongest test yet to the…
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Added by Francesc Riverola on August 9, 2011 at 9:00am —
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Comment: Making FX safer from market disruption
By Gil Mandelzis at Financial Times
Scanning the headlines in the foreign exchange (FX) industry press, you will notice a distinct lack of hyperbole in the coverage of high-frequency trading when compared with other asset classes.
In its place are stories covering the rapid rise in volumes from…
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Added by Francesc Riverola on July 27, 2011 at 11:08am —
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Added by Francesc Riverola on July 15, 2011 at 8:30am —
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Forex Industry Seeks To Prevent Flash Crash
Forex industry launches initiative to reduce risks associated with algorithmic and high-frequency trading
By Jessica Mead Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Banks and currency trading platforms have joined forces to reduce the risk that computer model-driven high-frequency traders could spark a flash crash in the…
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Added by Francesc Riverola on June 27, 2011 at 10:16am —
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Retail Foreign Exchange Firm Gain Capital Looking For More Growth
by Jacob Bunge Of DOW JONES NEWSWIRES
Retail foreign exchange brokerage Gain Capital Holdings Inc. (GCAP) remains on the hunt for acquisitions as the firm looks to ramp up growth in non-U.S. markets, its chief executive said Thursday.
CEO Glenn Stevens said he saw "no reason to stop" a string of deals…
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Added by Francesc Riverola on June 10, 2011 at 1:58pm —
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Chinese Could Alter Entire Forex Market in Next Few Weeks
By Paul Quintaro at Benzinga
The People's Bank of China could increase the band the yuan trades in within the next few weeks, according to Bloomberg. That would allow the Chinese currency to float more freely, and perhaps appreciate against the U.S.…
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Added by Francesc Riverola on June 8, 2011 at 9:07am —
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INTERVIEW: Professor Slams "Risky" Leniency On Forex Rules
By Clare Connaghan Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Currencies bankers quietly cracked open the bubbly last month when the U.S. Treasury announced that many foreign-exchange products would probably be spared the full force of regulatory changes, but one prominent academic believes the lenient stance is a…
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Added by Francesc Riverola on June 3, 2011 at 9:00am —
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UBS scrambles to recover lost forex ground
By Martin de Sa'Pinto and Sarah White
ZURICH/LONDON (Reuters) - Swiss bank UBS (UBS.N) (UBSN.VX) has lost ground to rivals in the $4 trillion a day forex market after technology spending cuts during the financial crisis left the bank's trading systems trailing those of competitors.
This has left UBS…
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Added by Francesc Riverola on May 24, 2011 at 2:20pm —
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Inside a Battle Over Forex
Bank Gave Pension Fund Least-Favorable Rates, Analysis Shows
By CARRICK MOLLENKAMP And TOM MCGINTY at Wall Street Journal
Bank of New York Mellon Corp. has been fighting accusations that it took advantage of clients while trading currencies. A Wall Street Journal analysis of more than 9,400 trades the bank processed over…
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Added by Francesc Riverola on May 23, 2011 at 9:18am —
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Gain Capital 1Q Profit Plunges After 2010 Gain; Revenue Falls
DOW JONES NEWSWIRES
Gain Capital Holdings Inc.'s (GCAP) first-quarter profit plunged from year earlier boosted by a big gain as revenue declined despite higher trading volume.
Shares were off 9.4% to $6.08 in recent trading as the results missed estimates. Gain Capital went public in December at $9. The…
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Added by Francesc Riverola on May 16, 2011 at 4:12pm —
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CFTC Charges Michigan Man Jeffrey L. Groendyke with Operating a Foreign Currency Ponzi Scheme and Misappropriating Customer Funds
Federal court issues order freezing assets held in Groendyke’s trading accounts and preserving books and records.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement…
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Added by Francesc Riverola on May 5, 2011 at 7:46am —
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High-Speed Traders Dive Into Foreign Exchange Despite Doubts
By Neil Shah Of THE WALL STREET JOURNAL
NEW YORK -(Dow Jones)- In a quiet office in suburban Greenwich, Conn., 45 minutes from bustling Wall Street, a little-known firm called Timber Hill LLC is trying to grab a bigger share of the world's…
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Added by Francesc Riverola on April 22, 2011 at 9:42am —
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Deutsche Bank To Sell Retail FX Platform To Gain Capital
By Chana R. Schoenberger and Drew FitzGerald Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The world's largest foreign-exchange bank, Deutsche Bank AG (DB, DBK.XE), agreed to sell its retail foreign-exchange trading unit to Gain Capital Holdings Inc. (GCAP) for an undisclosed sum. The move allows Deutsche Bank to…
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Added by Francesc Riverola on April 22, 2011 at 9:33am —
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